Day trading mid & large cap stocks

S

stv17

I've been daytrading for the past few years with small caps stock. mostly scalping for pennies. Overall, i was able to make a living. However, in these stocks there's a lot of slippage and can also shoot back down in a matter of seconds, which means you can be down a few hundred dollars in seconds.
I've been experiencing lately with mid-large cap stocks that have less slippage. I trade with less shares (150-250) because of the price but since it moves each trading day within a range of a few dollars, it could be profitable.

Is anyone here familiar with a good trading strategy for the mid-large cap stocks besides following the SPY?

Thanks
 
ValeryN said:
Look at mean reversion on a few days intervals. My bread and butter strategies are MR both long and short.

I don't disclose exact rules I use but posted quite a bit about the method in my journal.
https://www.elitetrader.com/et/threads/fully-automated-stocks-trading.346201/

Val
More...

Good point, mean reversion setups are very frequently found in current markets, one of my favorite patterns.

Agree with OP points re hazards of cheap stocks. I trade stocks mainly in $15 - $40 range with >1million shares daily volume.

I prefer gap charts the best.
 
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